Fund Evaluator:
BNY Mellon Research Growth Y (DRYQX)
Follow This Fund
Best Performing in Large Growth Over the Last Year
| 39.6% | Tanaka Growth (TGFRX) |
| 35.2% | Fidelity Advisor OTC Z (FOTJX) |
| 35.1% | Fidelity OTC (FOCPX) |
| 34.8% | Chase Growth N (CHASX) |
| 27.3% | Fidelity Advisor Focused Stock Z (FSFOX) |
Fund Details
BNY Mellon Research Growth Y Overview
BNY Mellon Research Growth Y (DRYQX) is an actively managed U.S. Equity Large Growth fund. BNY Mellon launched the fund in 2013.
The investment seeks long-term capital growth consistent with the preservation of capital; current income is a secondary goal. To pursue its goals, the fund normally invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in common stock of companies that the fund's managers consider to be growth companies. The fund manager considers growth companies to be companies in which the portfolio managers have identified a strong near-term catalyst for earnings growth or share price appreciation.
About BNY Mellon Research Growth Y (DRYQX)
There are 2 members of the management team with an average tenure of 3.17 years: Julianne McHugh (2025), Karen Miki Behr (2021). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 1000 TR USD index with a weighting of 100% and Russell 1000 Growth TR USD index with a weighting of 100%. BNY Mellon Research Growth Y has 60 securities in its portfolio. The top 10 holdings constitute 53.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
BNY Mellon Research Growth Y is part of the Equity global asset class and is within the U.S. Equity fund group. BNY Mellon Research Growth Y has 4.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 95.0%. There is 4.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). BNY Mellon Research Growth Y has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $53 million in total assets, which is below the $2 billion average for the Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
DRYQX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The BNY Mellon Research Growth Y expense ratio is above average compared to funds in the Large Growth category. BNY Mellon Research Growth Y has an expense ratio of 0.75%, which is 22% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. BNY Mellon Research Growth Y has a portfolio turnover rate of 44%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 54% for the Large Growth category.
Recently, in the month of July 2026, BNY Mellon Research Growth Y returned -0.5%, which earned it a grade of A, as the Large Growth category had an average return of -3.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
BNY Mellon Research Growth Y has a trailing yield of 0.00%, which is below the 0.06% category average. The fund normally distributes its income semi-annually and its capital gains semi-annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
BNY Mellon Research Growth Y Grades
Year to date, the fund has returned 5.3%, 1.6 percentage points better than the category, which translates into a grade of B. The fund has returned 11.8% over the past year (grade of B), 17.1% over the past three years (grade of D) and 8.7% per year over the past five years (grade of C) and 14.8% per year over the past 10 years (grade of D).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about BNY Mellon Research Growth Y, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
DRYQX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DRYQX Return (NAV) | -0.5% | 2.9% | 11.8% | 17.1% | 8.7% | 14.8% |
| DRYQX Grade | A | B | B | D | C | D |
| +/- Category | 2.6% | 1.2% | 2.8% | -1.0% | -0.0% | -0.6% |
| Large Growth Avg | -3.1% | 1.7% | 9.1% | 18.1% | 8.7% | 15.4% |
| DRYQX Tax Cost Ratio | na | na | 3.7% | 2.0% | 2.4% | 2.6% |
DRYQX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DRYQX Return (NAV) | 5.3% | 14.9% | 26.5% | 42.2% | -33.8% | 19.0% | 46.3% | 29.5% | 0.9% | 23.8% | 2.3% |
| DRYQX Grade | B | C | D | B | D | D | B | F | B | F | C |
| +/- Category | 1.6% | -0.8% | -3.2% | 3.3% | -1.6% | -1.3% | 4.0% | -3.7% | 1.6% | -6.0% | -0.4% |
| Large Growth Avg | 3.7% | 15.7% | 29.7% | 38.9% | -32.1% | 20.4% | 42.3% | 33.2% | -0.7% | 29.8% | 2.7% |
| Risk Measures | |
| Standard Deviation: | 18.4% |
| Total Risk Index: | 1.50 - High |
| Category Risk Index: | 1.04 - Above Average |
| Category Risk Grade: | D (78% Rank) |
| Beta: | 1.33 |
| R-Squared: | 89% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Semi-Annually |
| Cap Gains Distribution: | Semi-Annually |
| Total Assets: | $1639 Mil |
| Fund Total Assets: | $ 54 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 44% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 4.9 years | |||
| Average Tenure: 3.2 years | |||
| Managers (Year): Behr Karen Miki (2021), McHugh Julianne (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 60 |
| % in Top 10 Holdings: | 53.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 4.9% |
Portfolio Allocation |
|
| Domestic Stock: | 95.0% |
| Foreign Stock: | 4.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.2% |
Purchase Information
| Fund Family: | BNY Mellon |
| Phone Number: | 800-373-9387 |
| Website: | www.dreyfus.com |
| Status: | Open |
| Inception Date: | July 1, 2013 |
| Min. Initial Purchase: | $1,000,000 |
| Min. Initial IRA Purchase: | $ 750 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.75% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.96% |
| Share Class: | BNY Mellon Research Growth Z |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
